dicembre 2019

Take control of your future

At this time 60 % of women choose to apply for Social Security at the earliest age possible, 62 years old.

It appears women are "punished" for raising children and caring for elders.

Women need to wait as long as possible to collect Social Security benefits.  Many women don't earn enough to save in order to fund their retirement.

 Don't scoff at working women. Defer your Social Security benefits as long as possible. Remember, no wages equals no credits equals no Social Massage ball Manufacturers Security.  Working an extra year or 2 allows you to replace years lost, which increases your benefits.

 Don't count of your home equity

Planning on converting the equity in your home into retirement income could back fire on you.

You will most likely be the surviving spouse..  Although Baby Boomer women have more education and stronger workforce participation than earlier generation, being divorced or never married may create a deficit in retirement income.  The average women spends 15 years away, (raising children, caring for elderly parents) while the average man will be away for 1.  These may not be for the faint of heart but they are extremely important.  Although equity in your home may provide additional monies to your nest egg, don't make it your primary funding source.  Exercise, eat well and get all the necessary annual medical check ups you need. Which ever is your reason, you are on your own.

Baby Boomer women are more likely to be divorced or never married than women in other generations.

This means women have lower benefits from company pensions, 401(k) plans as well as Social Security benefits.

Many women need to pay out of pocket for health insurance benefits. This is true primarily for those without enough resources to fun their 3rd age.

 Keep a keen eye on your income, savings and spending habits.

If you go to www.  One half of working women do not have access to pensions or company retirement plans. There is a great many articles on this subject, but here are 10 reasons in a nutshell for you to pay attention to NOW!

 Take control of your future.  If married, more than 1/2 were much better off financially before their husband died. It's a good time to ask for help.

  Be healthy minded NOW

Keep on top of your health now, not later.

 Baby Boomer women are the most educated in history.  This may be due to spending less time in the workforce.  Unless you have many extra hours to spend learning the ins and outs of the market, you will be only hurting yourself and your future. Whatever the reason, it can be devastating to be without health insurance coverage. Or you may be divorced and single.Ladies, please do not take these lightly. Don't let this be you!  Policy makers have ignored the needs of Baby Boomer women and largely ignored the plight they are in when approaching retirement. Do not wait for Prince Charming to come a whisk you away on his white you can calculate different retirement scenarios. This is  YOUR life and you need to take control of it.  For most of you, this is a task you need to let go of.

 Working longer than you anticipated may be the key

Women may need to work longer to achieve a stable, livable retirement.socialsecurity.
 What if he never shows up? If you are the surviving spouse, where you part of the financial planning? You should be.

Of all the elderly persons with income levels below the poverty line, more than 70 % are women.

Ask your family and friends for someone they trust that has done well by them. Our system is not kind to women. How you take care of yourself now may be the crystal ball of your future.

 Hire a Financial Advisor

As much as  you love to do things on your own and make important decisions by yourselves, this is a time to hand it over to an expert.  That in itself requires women to work more years.  The truth continues to be that women working full time still only earn 76 % o what men earn. (If you don't have 35 years employment, they use  a zero for each year without earnings. None of you know where your futures lie, but wishing, hoping and praying that it will all work out is naive and will land you in big trouble.

Women tend to spend less time in the workforce.  

According to AARP  62 % of women in the country do not have long term retirement plans.  Housing values are not always stable and tend to either level off or decline.6 years.

 Make health benefits a priority.

Keep in mind, your Social Security retirement benefits are based on your 35 years of highest earnings. Or you have always been single.
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mercoledì, 02 gen 2019 Ore. 09.49
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